Why is Foreign Investment Peru’s Top Priority in 2009?
One of “Connect to Peru”‘s regular readers, Juan Carlos Seminario, was kind to share with me his insights on the optimism and risks that Peru could face in 2009. A native Peruvian executive who has worked for Fortune 500 Companies like P&G, Johnson, and Loreal, and principal professor for the Diplomacy Academy of Peru, among other credits, I thought would be interesting to share what he has to say via his blog “Latinopinion“.
In summary, Seminario outlines inflation, devaluation and the drop of net international reserves are among the top risks Peru could face in 2009. But the way it can best face all of these risks is via foreign investments. Well, sounds pretty in line with what I have been writing about in my recent posts, including the Minister of Economy’s tour to key cities in the U.S. and Europe, and the two upcoming FTAs with China and South Korea in 2009, for example.